Bitget Daily Morning Report: Trump to begin final round of interviews for Fed Chair this week
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Bitget Daily Morning Report: Trump to begin final round of interviews for Fed Chair this week
1.38 billion LINEA tokens unlocked today, triggering $432 million in total liquidations across Crypto Market, with $308 million from short positions.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. Cathie Wood: Bitcoin is entering a new phase with smaller pullbacks; institutional adoption of Bitcoin may prevent sharp price declines.
2. The U.S. Senate version of the crypto market structure bill is expected to be released this week, with hearings and voting scheduled for next week.
3. SEC Chair hints at rapid progress on crypto regulatory priorities at the start of the new year, saying "the best is yet to come."
4. Trump: May reduce tariffs on certain goods; immediate rate cuts are the "litmus test" for the new Fed Chair.
Macro & Highlights
1. The U.S. Bureau of Labor Statistics confirms that December inflation and employment data will be released in January next year.
2. Trump will begin final-round interviews for the Federal Reserve Chair position this week.
3. Hassett: The Fed has ample room for significant rate cuts.
Market Trends
1. Over the past 24 hours, the cryptocurrency market saw $432 million in total liquidations across all platforms, including $308 million in short liquidations. BTC liquidation amounted to $170 million, ETH liquidation reached $136 million.
2. U.S. stocks: Dow fell 0.38%, S&P 500 edged down 0.09%, Nasdaq Composite rose 0.13%. Additionally, NVIDIA (NVDA) up 0.31%, Circle (CRCL) up 5.86%, Strategy (MSTR) up 2.89%.
3. Bitget BTC/USDT liquidation map shows: high-density long liquidation zone near current BTC price (approximately $92,000–$93,000), where cumulative long leverage drops significantly, indicating concentrated long risk. In higher price ranges (above $95,000), short-side cumulative leverage increases rapidly, suggesting short positions would face concentrated liquidation pressure upon breakout.
4. In the past 24 hours, BTC spot inflow was approximately $142 million, outflow $161 million, resulting in a net outflow of $19 million.
News Updates
1. Bitcoin treasury company Twenty One dropped 20% in stock price after merging with Cantor Equity.
2. SEC Chair: Many types of crypto ICOs fall outside the SEC’s jurisdiction.
3. Data: Corporate Bitcoin treasuries grew over 448% in two years, total holdings exceeding 1.08 million BTC.
4. The Information: ChatGPT weekly active users nearing 900 million.
Project Updates
1. U.S. firm Nicholas Financial Corporation has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin ETF that holds Bitcoin assets only overnight, completely avoiding U.S. trading hours.
2. RWA tokenization network Real Finance announces $29 million in private funding.
3. Strive launches a $500 million SATA stock ATM financing program, with part of the net proceeds allocated to purchase Bitcoin.
4. Ethena Labs withdrew 1.59 billion ENA tokens from Coinbase Prime, worth approximately $443 million.
5. Octra will conduct a $20 million public token sale on Sonar on December 18 at a $200 million valuation.
6. TRUMP official: A mobile game called "Trump Billionaires Club" using TRUMP tokens will be launched.
7. Veteran privacy project Horizen relaunches as a Layer 3 network on Base.
8. Standard Chartered lowers its "Bitcoin 2025 forecast" to $100,000, pushing the long-term target to 2030.
9. Yesterday, an address linked to the Ethereum Foundation deposited 5,748 ETH to Kraken.
10. Linea (LINEA) will unlock approximately 1.38 billion tokens today at 7 PM (UTC+8), representing a 6.67% ratio to circulating supply, valued at around $11.1 million.
Disclaimer: This report is generated by AI, with human verification for information only. No investment advice is provided.
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